Littelfuse (NASDAQ:LFUS) SVP David Ruppel Sells 1,493 Shares of Stock

Littelfuse, Inc. (NASDAQ:LFUS) SVP David Ruppel sold 1,493 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $404.57, for a total transaction of $604,023.01. Following the completion of the transaction, the senior vice president owned 4,720 shares of the company’s stock, valued at $1,909,570.40. This trade represents a 24.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Littelfuse Trading Down 2.7%

NASDAQ LFUS opened at $393.08 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.67 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $409.60 and its two-hundred day simple moving average is $398.87. Littelfuse, Inc. has a twelve month low of $233.36 and a twelve month high of $500.57. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.13 and a beta of 1.48.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.82. The business had revenue of $795.20 million for the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the business earned $2.77 earnings per share. Research analysts forecast that Littelfuse, Inc. will post 15.78 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Littelfuse’s dividend payout ratio is -640.00%.

Analyst Upgrades and Downgrades

LFUS has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Littelfuse in a research note on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of Littelfuse in a research report on Wednesday. Zacks Research lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $465.83.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Provenance Wealth Advisors LLC bought a new stake in Littelfuse in the 3rd quarter worth approximately $352,000. Oregon Public Employees Retirement Fund raised its stake in Littelfuse by 0.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,262 shares of the technology company’s stock valued at $2,230,000 after buying an additional 32 shares during the last quarter. Vise Technologies Inc. lifted its holdings in shares of Littelfuse by 89.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,970 shares of the technology company’s stock valued at $1,682,000 after buying an additional 1,869 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Littelfuse by 66.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,600 shares of the technology company’s stock valued at $1,949,000 after buying an additional 1,840 shares during the period. Finally, Parcion Private Wealth LLC lifted its holdings in shares of Littelfuse by 10.1% during the 3rd quarter. Parcion Private Wealth LLC now owns 513 shares of the technology company’s stock valued at $217,000 after buying an additional 47 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Company Profile

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.